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Companies with a consistent dividend payment history are particularly attractive to investors seeking steady income and long-term stability. In this piece, we highlight three such companies — Nexstar Media, Towne Bank, and First Merchants — that have a long streak of dividend hikes and offer attractive yields.

Nexstar Media

Nexstar Media Group (NASDAQ:NXST) is the largest television station owner-operator in the United States, with over 200 stations in 116 markets. Of its 200 stations, 155 are affiliated with the four national broadcast networks: CBS, Fox, NBC, and ABC.

The company has maintained dividend payments for 12 consecutive years and hiked them for the last 11 years.

Most recently, in January, Nexstar Media announced a 25% quarterly dividend hike to $1.69 per share, equating to $6.76 annually. The dividend yield is 4.03%.

Over the past year, the company has generated revenues of $4.96 billion and net income of $410 million.

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Towne Bank

Towne Bank (NASDAQ:TOWN) is a financial services company that serves individuals, commercial enterprises, and professionals. It offers retail and commercial banking services to numerous Virginia and North Carolina markets.

The company has maintained consistent dividend payments for 22 years and has raised them for 12 consecutive years. It pays a quarterly dividend of $0.25 per share or $1 annually, and the annual yield on the dividend is 3.73%.

Over the past year, the company has generated revenues of $670.9 million and net income of $150.1 million.

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First Merchants

First Merchants Corp (NASDAQ:FRME) provides its customers with financial services, including personal banking, business banking, real estate mortgage lending, cash management services, brokerage, wealth management, and insurance.

It has maintained dividend payments for 36 consecutive years and consistently raised them for the last 12 years. Most recently, in May, the company announced an approximately 3% quarterly dividend hike to $0.35 per share, or $1.40 annualized. The dividend yield is 4.32%.

Over the past year, the company has generated revenues of $630.1 million and net income of $207.6 million.

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